By RACHEL CRUZE
By Rachel Cruze
Have you started planning your summer vacation yet? It will be sipping-lemonade-by-the-pool season before you know it. I love vacations, but here is what I don’t love: Nearly 40% of millennials are willing to go into debt for their trips.
Coming back home to credit card bills makes the end of a vacation miserable. I don’t want that to be your story. If you start saving up now, you will be in great shape when it is time to pack your bags.
Here are eight ways to save up and pay for your vacation with your own money:
Give your budget a refresh. If it has been a while since you looked at where your money is really going each month, I bet you will find some areas where you can cut back in a matter of minutes. Then, you can put that cash toward your vacation sinking fund!
Brew your own coffee at home. I get it. Fancy coffee with a designer label makes me feel special, too. But if you put that $25 a week into a vacation fund for a while, you will add a couple hundred bucks or more to your travel budget.
Pack your lunch. Peanut butter and jelly today means piña coladas all day on the beach this summer!
Order water at restaurants. If you go out to eat, give up extras like soda, appetizers, and alcohol.
Save on groceries by shopping generic or at Aldi. Everyone I know swears their grocery bill was slashed in half simply by switching to shopping at Aldi. If you don’t have one near you, you can save money buying store brand or generic brand items.
Sell your kids’ clothes at consignment stores. I am a huge fan of this! I also love shopping consignment to save money.
Sell stuff online through places like Facebook Marketplace. You know there is stuff laying around the house, in the garage, or in your closet that you don’t use anymore. Put it to good use by selling it, and put that money toward your vacation!
Cancel any unused subscriptions. When is the last time you really watched a show on HBO, or used any of the makeup samples from your Birchbox? I am not hating on subscription services, but if you don’t use them, that is money leaving your bank account each month you could be saving.
Once you try these money-saving tips, you might just make them a habit. Then, you will be ahead of the game when it is vacation time next year. My free Vacation Budget Worksheet makes it super easy to plan for all your expenses.
Things always cost more than you expect. But this worksheet will help you plan for everything—even the unexpected stuff!
As a #1 New York Times best-selling author, host of “The Rachel Cruze Show,” and “The Rachel Cruze Show podcast,” Rachel helps people learn the proper ways to handle money and stay out of debt. She’s authored three best-selling books, including “Love Your Life, Not Theirs” and “Smart Money Smart Kids,” which she co-wrote with her father, Dave Ramsey. You can follow Cruze on Twitter and Instagram at @RachelCruze and online at rachelcruze.com, youtube.com/rachelcruze or facebook.com/rachelramseycruze.
As your daily newspaper, we are committed to providing you with important local news coverage for Sullivan County and the surrounding areas.